External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Elgi Equipments (ELEQ) reported muted revenue growth of 3.1%, while its EBITDA margin declined by 165bps YoY to 14.1%.</li><li>During the quarter, the company introduced 2 new products aimed at enhancing its competitive positioning.</li><li>The first, ‘Stabilisor’ is designed as a superior alternative to variable frequency drives (VFDs), while the second is a lower rating air compressor specifically developed to counter Chinese imports in the discount segment.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Elgi Equipments (ELEQ) reported muted revenue growth of 3.1%, while its EBITDA margin declined by 165bps YoY to 14.1%.During the quarter, the company introduced 2 new products aimed at enhancing its competitive positioning.The first, ‘Stabilisor’ is designed as a superior alternative to variable frequency drives (VFDs), while the second is a lower rating air compressor specifically developed to counter Chinese imports in the discount segment.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elgi Equipments - Muted Q3; New Product Launches to Drive Growth

External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Elgi Equipments (Elgi) manufactures wide range of air compressors (~90% of revenue) and automotive equipment (~10%).</li><li>Elgi is the second largest player in the Indian air compressor market (~22% market share) and among the top eight players globally</li><li>Target Price and Valuation: We value Elgi at Rs 410 i.e. 50x P/E on FY24E EPS</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Elgi Equipments (Elgi) manufactures wide range of air compressors (~90% of revenue) and automotive equipment (~10%).Elgi is the second largest player in the Indian air compressor market (~22% market share) and among the top eight players globallyTarget Price and Valuation: We value Elgi at Rs 410 i.e. 50x P/E on FY24E EPSContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elgi Equipments: Decent Numbers Amid Challenges

<ul><li>Elgi Equipments (Elgi) manufactures a wide range of air compressors (~90% of revenue) and automotive equipment (~10%)</li><li>Elgi is the second largest player in the Indian air compressor market (~22% market share) and is among the top eight players globally</li><li>Considering strong growth outlook, better margins, we maintain BUY rating. We value Elgi at Rs 260.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Elgi Equipments (Elgi) manufactures a wide range of air compressors (~90% of revenue) and automotive equipment (~10%)Elgi is the second largest player in the Indian air compressor market (~22% market share) and is among the top eight players globallyConsidering strong growth outlook, better margins, we maintain BUY rating. We value Elgi at Rs 260.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Elgi Equipments: Healthy Growth, Margins Impacted Amid Challenges

India

Elgi Equipments Limited manufactures reciprocating and screw type air compressors, diesel engines. generators and pumps, garage equipment, auto products and heat pressure cleaners.  Elgi markets a range of wheel balancers, oil suction units, AC recovery plants, mobile service units, and pasteurizer and bottle washers.  The Company operates in India and markets its products globally.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Elgi Equipments (ELEQ IN)

Elgi Equipments - Muted Q3; New Product Launches to Drive Growth

Elgi Equipments (ELEQ) reported muted revenue growth of 3.1%, while its EBITDA margin declined by 165bps YoY to 14.1%.During the quarter, the...

Prabhudas Lilladhar

Elgi Equipments: Decent Numbers Amid Challenges

Elgi Equipments (Elgi) manufactures wide range of air compressors (~90% of revenue) and automotive equipment (~10%). Elgi is the second largest...

ICICI Securities Limited

Elgi Equipments: Healthy Growth, Margins Impacted Amid Challenges

Elgi Equipments (Elgi) manufactures a wide range of air compressors (~90% of revenue) and automotive equipment (~10%). Elgi is the second largest...

ICICI Securities Limited

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)